Nuveen LLC Purchases New Stake in Triumph Financial, Inc. $TFIN

Key Points

• Nuveen LLC has acquired a new position in Triumph Financial, purchasing approximately 58,977 shares valued at about $3.4 million, representing 0.25% of the company's stock.
• Analysts have increased the target price for Triumph Financial shares from $56.00 to $63.00 while maintaining a "neutral" rating, with an average target price of $70.75.
• In recent trading, Triumph Financial's stock was up 0.4%, with shares priced at $62.29, and a market cap of approximately $1.48 billion.

Nuveen LLC bought a new stake in Triumph Financial, Inc. (NASDAQ:TFIN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 58,977 shares of the company's stock, valued at approximately $3,409,000. Nuveen LLC owned approximately 0.25% of Triumph Financial at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Triumph Financial by 48.0% in the 1st quarter. CWM LLC now owns 589 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Triumph Financial by 2.1% in the 1st quarter. Victory Capital Management Inc. now owns 9,867 shares of the company's stock valued at $570,000 after purchasing an additional 205 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Triumph Financial by 84.7% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $40,000 after purchasing an additional 320 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Triumph Financial by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,574 shares of the company's stock valued at $1,143,000 after purchasing an additional 467 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its holdings in Triumph Financial by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,809 shares of the company's stock valued at $740,000 after purchasing an additional 483 shares in the last quarter. 91.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Triumph Financial

In related news, EVP Adam D. Nelson sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $60.39, for a total value of $211,365.00. Following the transaction, the executive vice president owned 27,832 shares in the company, valued at approximately $1,680,774.48. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Aaron P. Graft sold 6,500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $60.18, for a total transaction of $391,170.00. Following the completion of the transaction, the chief executive officer owned 144,558 shares in the company, valued at $8,699,500.44. The trade was a 4.30% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.58% of the company's stock.

Triumph Financial Trading Down 0.1%

Shares of TFIN stock traded down $0.09 during trading hours on Monday, hitting $61.60. 143,302 shares of the company were exchanged, compared to its average volume of 222,828. The firm has a market cap of $1.46 billion, a PE ratio of 139.99 and a beta of 1.29. Triumph Financial, Inc. has a 1 year low of $42.90 and a 1 year high of $110.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $59.22 and a 200 day moving average of $58.76.

Triumph Financial (NASDAQ:TFIN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. The business had revenue of $108.06 million for the quarter, compared to analyst estimates of $105.85 million. Triumph Financial had a net margin of 2.75% and a return on equity of 1.79%. Analysts expect that Triumph Financial, Inc. will post 1.08 earnings per share for the current year.

Analysts Set New Price Targets

Separately, DA Davidson upped their target price on shares of Triumph Financial from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $70.75.

About Triumph Financial

Triumph Financial, Inc, a financial holding company, provides various payments, factoring, and banking services in the United States. It operates through Banking, Factoring, and Payments segments. The company offers deposit products, including checking, savings, money market and certificates of deposit; and loan products, such as commercial real estate, land, commercial construction and land development, residential real estate, commercial agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans.